After Yesterday's Rally of 1.59% Shares Could Potentially Pullback
Starwood Hotels & Resorts (NYSE:HOT) traded in a range yesterday that spanned from a low of $79.90 to a high of $81.27. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $81.14 on volume of 22.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Starwood Hotels & Resorts have traded between a low of $56.87 and a high of $87.99 and are now at $81.09, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 1.56% higher over the past week, respectively.
SmarTrend is tracking the current trend status for Starwood Hotels & Resorts and will alert subscribers who have HOT in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders starwood hotels & resorts